A Change in the Expected Price Level Is Likely to Cause

question 83

Multiple Choice

A change in the expected price level is likely to cause which of the following?

• A)a shift in the short-run aggregate supply curve and long-run aggregate supply curve
• B)a shift in the short run aggregate supply curve
• C)a shift in the aggregate demand curve
• D)a shift in the long-run aggregate supply curve

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Definitions:

Computing Depreciation

The process of systematically allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.

Units-of-production

A depreciation method that allocates an asset's cost based on its usage, output, or units produced, rather than the passage of time.

Salvage Value

The estimated residual value of an asset at the end of its useful life, after accounting for depreciation or amortization.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.